Green Marine
Rolls-Royce to Open New $36.5 Mln Marine Facility in Brazil
Rolls-Royce and UK Chancellor George Osborne announced today that the Group will further invest in Rio de Janeiro State to better support customers in the rapidly expanding offshore oil and gas industry. A new £22 million (approx $36.5 million) marine facility in Duque de Caxias will be used to asse
IMO’s MEPC Adopts Amendments to MARPOL Convention
The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 66th session from 31 March to 4 April 2014, at IMO Headquarters in London. The Committee adopted amendments to the MARPOL Convention to set a date for the implementation of “Tier III” stan
The Future of Maritime Security in the Indian Ocean
A shift in US foreign policy based both on changes to the threat landscape and improving domestic energy security could lead to an increase in threats to shipping within eighteen months according to David Hunkin of Dryad Maritime Intelligence. With the US strategic focus now firmly fixed on the Asia
Lloyd Register: LNG Bunkering to Develop as Fast as Global Ports Demands?
Lloyd’s Register analysis of ports provides insight into the future of LNG bunkering world-wide as short sea demand grows and the possibility of expansion into bunkering for deep sea emerges. Lloyd’s Register’s LNG Bunkering Infrastructural Survey 2014 indicates that major ports around the world are
Dometic Sea Xchange Watermaker Launched
Dometic Marine has launched the Dometic Sea Xchange Sea Water Reverse Osmosis system following the confirmation of an exclusive worldwide marketing agreement with Spot Zero Reverse Osmosis Inc. of Fort Lauderdale, Fla., USA. Under this agreement, Dometic will market and sell Spot Zero watermakers as
Overseas Expansion for Tymor Marine
Scottish energy consultancy Tymor Marine, which has offices in Glasgow and Aberdeen, has marked the end of its second year in business by opening its first overseas facility in the United States. The Louisiana-based offices will fulfil the needs of new and existing clients operating in the Gulf of M
Xcite Energy Inks MoU with Teekay Shipping (UK)
Xcite Energy Limited has entered into a Memorandum of Understanding with Teekay Shipping Norway AS for the supply of a floating storage and offloading facility (FSO) for the UK CNS Bentley field. The FSO is based on Sevan Marine’s cylindrical floater technology, and will be bridge linked to the Bent
Wartsila Receives Recognition for Its PCMS
Wärtsilä has received service level recognition for its Propulsion Condition Monitoring Service (PCMS) by DNV-GL. Wärtsilä is the first company to attain this type of recognition from three of the major classification societies, namely the American Bureau of Shipping, Lloyd’s Register, and DNV-GL. T
Alfa Laval Closes on $2.1 Bln Frank Mohn Deal
Swedish engineering group Alfa Laval has signed an agreement to acquire Frank Mohn AS, a leading manufacturer of submerged pumping systems to the marine and offshore markets, for a total cash consideration of approx. $2.1 billion. Frank Mohn, headquartered in Bergen, Norway and with approximately 1,
Subsea 7 Exercises Final Option for Skandi Seven
Subsea 7 has exercised the final extension option on the vessel Skandi Seven. The vessel is firm from April 2015 until end March 2017. The Skandi Seven is a construction/flexlay vessel capable of operating in water depths up to 3,000m. Equipped with a vertical lay system for deployment of flexible p
Van Oord Bags Surabaya Port Contract, Indonesia
Van Oord has been awarded a contract for dredging and maintenance work for the western access channel to the port of Surabaya in Indonesia. The client is Indonesian port company PT Pelabuhan Indonesia III (Persero). The contract is worth over $68.4 million. Project execution will start in May 2014 a
Yara Acquires Majority Stake in Green Tech Marine
Yara International will expand its emissions control business by acquiring a majority 63% stake in Green Tech Marine (GTM), a leading sulphur oxide (SOX) scrubber supplier to the marine industry. “New International Maritime Organization (IMO) regulations are being implemented, and combining GTM with
Teekay Takes Ownership of Two VLCCs
Teekay Tankers has exercised its rights under the security documentation to realize the amounts owed under the company’s investment in term loans and assumed full ownership of two 2010-built Very Large Crude Carrier (VLCC) vessels. In addition, Teekay Tankers’ Board of Directors has declared a cash
Twenty Vessels Sold Last Week
Lion Shipbrokers said that a total of twenty vessels changed their owners last week. Namely, twelve bulk carriers, one container vessel and seven tankers have been acquired by various shippers. BULKERS M/V “SHAGANGFIRST ERA” – 181,447 dwt, blt 2010 Koyo Dockyard/Japan, NK, 9 HO/9 HA, MAN-B+W 6S70MC-